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SBA 504 Rates are Below Prime

SBA 504 Interest Rates are often below the Prime Interest Rate.  The average Prime Rate (August 1955 – Present) is 9.80%.  Today’s Prime Rate is 8.25%.  Conversely, today’s 25-Year Fixed SBA 504 Interest Rate is 6.02%.  While this is higher than the...

SBA Releases New Procedural Notices

The U.S. Small Business Administration (SBA) issued a series of new procedural notices this week, including SBA Information Notice 5000-847027 publishing the new SOP 50-10-7, “Lender and Development Company Loan Programs.”  SOP 50-10-7 will become effective August 1,...

The Importance of a Quality Certified Development Company

  Those who have investigated the U.S. Small Business Administration’s (SBA) 504 financing options have probably seen a reference to a Certified Development Company (CDC), but they may not be fully aware of what a CDC is or what role they play in the SBA...